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September Report Brings Good News in Job Growth

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September Report Brings Good News in Job Growth

Economy

September Report Brings Good News in Job Growth

September Report Brings Good News in Job Growth

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On Wall Street, the big question was what the government's monthly jobs report would show when it came out Friday. There was good news: The Labor Department announced that 110,000 new jobs were created in September, and stocks rallied after the report.

A year ago, that figure would have counted as pretty bad news — back then, job growth was much faster. But after a scary summer of financial turmoil, even decent job growth is reassuring. And that might be an indication that the U.S. economy has avoided the worst.

The Labor Department on Friday also revised its figure for August jobs — there was modest growth instead of a reported decline.